Helio owns a 100% interest in four of five licences subject to a 2% NSR to the vendors and is earning a 100% interest in the fifth licence. The project has a November 2010 resource estimate of 589,497 gold ounces grading 1.51 g/t measured and indicated and 353,097 gold ounces grading 1.12 g/t inferred using a 0.3 g/t cutoff.